create account

RE: How To Solve the STEEM/Exchange Liquidity Crisis by pfunk

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @inertia/how-to-solve-the-steem-exchange-liquidity-crisis

· @pfunk · (edited)
>Witnesses should swallow their pride, accept the temporary label of "hackers," and consider a special hardfork to restore exchange liquidity in a specific timeframe only. 

Excuse me? Steem should accommodate exchanges that colluded in a centralized hostile takeover attack on itself? LOL! They can deal with their stupid decision. They know the rules when powering up.
👍  
properties (23)
authorpfunk
permlinkq6pmfv
categorysteemit
json_metadata{"app":"steemit/0.2"}
created2020-03-05 07:35:57
last_update2020-03-05 07:38:12
depth1
children2
last_payout2020-03-12 07:35:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length370
author_reputation221,632,045,904,452
root_title"How To Solve the STEEM/Exchange Liquidity Crisis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id96,072,362
net_rshares202,608,865
author_curate_reward""
vote details (1)
@inertia ·
> They can deal with their stupid decision. They know the rules when powering up.

That's fine.  That's Plan B, as I already explained, but they should begin their power-down right away.

In fact, if you are indeed too prideful to go with Plan A, I recommend making this part of your strategy.  Something along the lines of:

"We will not hardfork a special rule, but we will consider changing the power-down to 4 weeks for the whole platform.  Even if we don't bother with changing the rules, the exchanges will be fine getting a weekly power-down for 13-weeks.  However, if the exchanges begin their power-downs now, this would be seen as an adequate gesture and we'll consider working on the hardfork that has a 4-week power-down."

Or something like that.  And please remember to keep your cool when they stop the power-down after this hardfork so they have a chance to restart it again with the new rules.  I would hate for you guys to wig out all over again due to something like that.
properties (22)
authorinertia
permlinkq6po3h
categorysteemit
json_metadata{"app":"steemit/0.2"}
created2020-03-05 08:11:42
last_update2020-03-05 08:11:42
depth2
children1
last_payout2020-03-12 08:11:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length991
author_reputation346,568,901,399,561
root_title"How To Solve the STEEM/Exchange Liquidity Crisis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id96,073,231
net_rshares0
@pfunk ·
It's not pride
properties (22)
authorpfunk
permlinkq6pou2
categorysteemit
json_metadata{"app":"steemit/0.2"}
created2020-03-05 08:27:39
last_update2020-03-05 08:27:39
depth3
children0
last_payout2020-03-12 08:27:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length14
author_reputation221,632,045,904,452
root_title"How To Solve the STEEM/Exchange Liquidity Crisis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id96,073,595
net_rshares0